6
answers
0
watching
31
views
23 Nov 2019
In a monopolistically competitive industry, in long runequilibrium
A) firms produce at minimum average total cost and make zeroeconomic profit.
B) firms produce at minimum average total cost and make positiveeconomic profit.
C) firms produce at greater than minimum average total cost andmake positive economic profit.
D) firms produce at greater than minimum average total cost andmake zero economic profit.
In a monopolistically competitive industry, in long runequilibrium
A) firms produce at minimum average total cost and make zeroeconomic profit.
B) firms produce at minimum average total cost and make positiveeconomic profit.
C) firms produce at greater than minimum average total cost andmake positive economic profit.
D) firms produce at greater than minimum average total cost andmake zero economic profit.
devsingh077Lv10
24 Aug 2023
Unlock all answers
Get 1 free homework help answer.
Already have an account? Log in
claralillia1Lv10
16 Jul 2023
Get unlimited access
Already have an account? Log in
samvicLv10
9 Jul 2023
Get unlimited access
Already have an account? Log in
esskeetitLv10
9 Jul 2023
Get unlimited access
Already have an account? Log in
mainLv10
9 Jul 2023
Get unlimited access
Already have an account? Log in
Hubert KochLv2
13 Oct 2019
Get unlimited access
Already have an account? Log in